Calculate your monthly bond repayment, total interest, transfer duty and affordability in ZAR. Updated for 2026 SA prime lending rate.
✅ Last verified: July 2026 — SA prime rate 11.25% (SARB repo + 3.5%)
⚡ Quick Answer
On a R2,000,000 bond at 11.25% prime rate over 20 years, the monthly repayment is approximately R22,380. Total interest is about R3,371,200. Add transfer duty (R48,675 on a R2.5M property) plus bond registration and attorney fees — budget 3-6% extra in upfront costs.
🇿🇦 SA Bond / Home Loan Calculator 2026
Monthly Repayment
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Loan Amount
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Total Interest
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Transfer Duty
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Property Price-
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Bond Amount-
Monthly Repayment-
Total Interest-
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Monthly Bond Repayment Examples — SA Prime 11.25%
Bond Amount
20 Years
25 Years
30 Years
Total Interest (20yr)
R1,000,000
R11,190
R10,490
R10,120
R1,685,600
R1,500,000
R16,785
R15,735
R15,180
R2,528,400
R2,000,000
R22,380
R20,980
R20,240
R3,371,200
R2,500,000
R27,975
R26,225
R25,300
R4,214,000
R3,000,000
R33,570
R31,470
R30,360
R5,056,800
SA Transfer Duty Schedule 2026
Property Value
Transfer Duty Rate
Example Duty
Up to R1,100,000
0% (exempt)
R0
R1,100,001 – R1,512,500
3% on amount above R1.1M
R12,375 (at R1.5M)
R1,512,501 – R2,117,500
R12,375 + 6% above R1.51M
R48,675 (at R2.1M)
R2,117,501 – R2,722,500
R48,675 + 8% above R2.12M
R97,075 (at R2.7M)
R2,722,501 – R12,100,000
R97,075 + 11% above R2.72M
varies
Above R12,100,000
R1,128,600 + 13% above R12.1M
varies
South Africa Home Loan Guide 2026
South Africa's home loan market operates on the prime lending rate, currently 11.25% (SARB repo rate of 7.75% + 3.5% spread). Most home loans are priced at prime or prime minus 0.5–1% for well-qualified buyers with good credit scores. The SARB has been gradually cutting rates from the 2023 peak of 11.75%, and further cuts may follow depending on inflation trends.
Unlike some countries, South Africa offers 100% home loans (no deposit required) for buyers with excellent credit. However, putting down 10-20% typically secures a better interest rate and reduces total interest significantly. Budget for transfer duty (exempt below R1.1M, up to 13% on higher values), bond registration fees (~1-1.5% of bond), and transfer attorney costs.
Example: R2.5M Property with R500K Deposit
A R2,000,000 bond at 11.25% over 20 years costs approximately R22,380/month. Total interest over 20 years is about R3,371,200. Transfer duty on a R2.5M property is approximately R97,075. With bond registration (~R30,000) and attorney fees (~R20,000), total upfront costs beyond your deposit are roughly R147,000. Use our SA Income Tax Calculator to check your after-tax income can support this repayment.
SA Home Loan FAQs 2026
What is the SA prime lending rate in 2026?
The SA prime rate is 11.25% as of mid-2026 (repo 7.75% + 3.5%). Most home loans are priced at prime or prime minus 0.5–1% for qualified buyers. The SARB has been gradually cutting rates.
What is the monthly repayment on a R2 million home loan?
On a R2,000,000 bond at 11.25% over 20 years, approximately R22,380/month. Total interest is about R3,371,200. A 30-year term drops the payment to ~R20,240 but adds over R3M in extra interest.
How much deposit do I need for a home loan in SA?
10-20% is recommended. A larger deposit secures a better rate (prime minus 0.5–1%). 100% bonds are possible with excellent credit but at higher rates.
What is transfer duty in South Africa?
A government tax on property purchases. Properties below R1,100,000 are exempt. Above that, rates scale from 3% to 13%. On a R2.5M property, transfer duty is approximately R97,075.
What are the extra costs when buying in SA?
Transfer duty, bond registration costs (~1-1.5% of bond), transfer attorney fees, and possibly FLISP subsidy application. Total upfront costs typically run 3-6% of the property price.
Can I get a 100% home loan in South Africa?
Yes, some SA banks offer 100% bonds for buyers with excellent credit and stable income. However, you'll typically pay a higher rate and more total interest than with a deposit.
How long is a typical home loan term in SA?
20 years is the most common. A 30-year term lowers the monthly payment but more than doubles total interest. A 20-year term balances affordability with reasonable total cost.
Sources & References: South African Reserve Bank (resbank.co.za) — Repo and prime lending rates. SARS (sars.gov.za) — Transfer duty schedule. National Credit Act — Affordability assessment rules. Rates as of July 2026. Last verified July 2026.
💡 SA Home Loan Tips 2026
Prime Rate in SA 2026
SA prime rate is 11.25% in mid-2026. Most bonds are at prime or prime minus 0.5–1% for well-qualified buyers. Good credit score = better rate = massive savings.
Transfer Duty Threshold
Properties below R1,100,000 are exempt from transfer duty. Above this, it scales up to 13%. Factor this into your budget beyond the deposit.
A Deposit Saves You Thousands
Even 10% deposit can save you R200,000+ in total interest on a R2M bond by securing a lower rate (prime minus 0.5%). Save up rather than going 100% if possible.
Budget for Bond + Transfer Costs
Bond registration (~1-1.5% of bond) plus transfer duty and attorney fees add 3-6% to your purchase price. These must be paid in cash upfront.
Shorten the Tenure
A R2M bond at 11.25% costs R3.4M interest over 20 years but R5.3M over 30 years. Choose the shortest term you can afford — even 1-2 years shorter saves hundreds of thousands.
Check FLISP Subsidy
The Finance Linked Individual Subsidy Programme offers up to R130,000 for first-time buyers earning R3,501–R22,000/month. Check if you qualify at your local human settlements office.